The value of an LED television depreciates every year by 5%. If the present value of theLED TV is ₹67,000, what will be its value after 2 years?

Correct option is A

Given:

Present value of the LED TV = ₹67,000

Depreciation rate = 5% per annum

Time = 2 years

Solution:

Value of LED TV after 2 years;

​$$= 67000 \times \left(1 - \frac{5}{100}\right)\times \left(1 - \frac{5}{100}\right)$$​​

​$$= 67000 \times \frac{95}{100}\times\frac{95}{100}$$​​

= ₹60,467.5